STI ends lower despite late rally

WITH little positive news on the Covid-19 front, local equities extended losses on Thursday.

The fluidity of the situation has kept investors busy trying to price in the economic impact of the outbreak, which is already showing signs of establishing a foothold in Europe and the Middle East.

Singapore's Straits Times Index (STI) slipped by more than 1 per cent in the afternoon, but staged a rebound after the 3,100 support level was breached.

While not quite the intraday V-shaped recovery optimists would hope for, the benchmark still clawed back mid-day lo…

GET BT IN YOUR INBOX DAILY

Start and end each day with the latest news stories and analyses delivered straight to your inbox.

Sign UpVIEW ALL